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December 2, 2010
Deficit commission: Obamacare's cost savings are bogus
Topics: Political News and commentariesAOL Opinons editor John Merline notes that the deficit commission titled its proposal "The Moment of Truth," and actually delivers on its advertising. The report exposes six truths about the federal government and its spending addiction. The one that jumps out is the truth about Obamacare's savings being bogus:
2) Health reform's cost savings apparently were bogus. Remember how Democrats boasted that health reform would cut the budget deficit by $170 billion over the next decade and far more after that? The deficit commission must not have gotten that memo. It says health spending projections under the new law "count on large phantom savings" and the reform law's new long-term care program that the report calls "unsustainable." As a result, Congress will still need to enact "a number of other reforms to reduce federal health spending and slow the growth of health care costs more broadly."Read the other 5 truths ...
The Deficit commission saying that Obamacare's savings are bogus is simply a case of stating the obvious, and what was known at the time of Obamacare's passage .. but totally ignored by the Democrats, as evidenced by this Febuary 2010 'must-watch' video that speaks for itself: Paul Ryan exposes the accounting fraud used to make the Senate Bill "deficit neutral": Hiding Spending Doesn't Reduce Spending
Other coverage: Ed Morrissey
Posted by Richard at December 2, 2010 11:12 AM
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- Deficit commission: Obamacare's cost savings are bogus - Dec 02, 2010
